Kier launches £20m share buyback as debt cutStrong trading and cash generation in the first half of the year saw Kier strengthen its balance sheet shrinking average monthly debt to £38m from £137m previously.
The improved financial position saw chief executive Andrew Davies launch a £20m share buyback programme this morning.
In an upbeat trading update for the first six month he said Kier…
Plans unveiled for £365m Heathrow data centreDeveloper Tritax Big Box has has purchased a 74-acre site near Heathrow with plans for a £365m data centre.
It is the first move into the data centre market for the firm which specialises in distribution centres.
The planned data centre at Manor farm will be one of the biggest in the UK with phase one containing 448,000 sq ft of data halls across…
Plan for 6.5m sq ft Greater Manchester industrial zoneAmbitious plans are out to consultation to create a 6.5m sq ft mega-cluster of advanced manufacturing, industrial and logistics warehouses in Greater Manchester.
A 50/50 partnership between developers Russell LDP and Harworth Group are behind the vast Northern Gateway scheme, which would be built within the Atom Valley Mayoral Development…
Building boss sold diggers still on HPA construction director who used company funds to pay for his high-performance car and stole almost £90,000 in plant machinery has been given a suspended jail sentence.
Vasile Hrusca withdrew more than £67,000 from his own failing building firm in 2019 to pay off the remaining balance on a hire purchase agreement for an Audi RS6 which he had bought t…
Wates names new hard FM chiefWates has appointed Jack Prady as the new managing director of its facilities management business.
He brings a wealth of experience to Wates, having held leadership positions across the facilities management and built environment sectors for the past 18 years.
Most recently he was chief operating officer at Salford-based contractor Thermic Technical FM for over two…
Council steps-in at sites where developer failedNew contractors are set to be appointed at housing sites across Fife in Scotland after the local council took over the jobs when the original developer collapsed.
First Endeavour LLP went under last year causing a halt to construction work on four sites containing 200 new homes.
OVER 200 new council houses are back on track after work had to stop on…
Mace confirmed for £93m weather centre HQThe Government Property Agency has confirmed Mace as the main contractor to build a cutting-edge weather centre HQ.
Mace, which signed a pre-construction deal back in November 2023, will work with consultant AtkinsRealis on the £93m project to build the headquarters of the European Centre for Medium-Range Weather Forecasts.
Construction is set to begin…
Council starts £200m hunt to replace Balfour BeattyHerefordshire Council has started the hunt for a new contractor after deciding to part ways with Balfour Beatty Living Places (BBLP) on a long running highways and maintenance deal across the county.
Balfour has been maintaining roads and open spaces for the council since 2013.
But Herefordshire announced last year it would be parting ways wit…
St William gets go-ahead for 245-home Stratford schemeBerkeley-subsidiary St William has gained full planning to regenerate the long-derelict Stratford Gasworks site in East London.
A section 106 legal agreement has been finalised for the 2.2-acre brownfield site, which will be transformed into a 245 home mixed-tenure neighbourhood close to West Ham and Stratford Stations.
The development w…
Balfour Beatty to sell Omnicom to Hitachi RailBalfour Beatty has struck a deal to sell its digital rail infrastructure monitoring business Omnicom to Hitachi Rail.
The acquisition will support Omnicom’s growth strategy to expand into the US and European markets.
Omnicom produces hardware and advanced software for surveying, inspecting, and monitoring rail infrastructure, including gaug…